Eva

EVA

Abbrev. for extravehicular activity. Operations, including repair and maintenance, undertaken by an astronaut or cosmonaut outside a spacecraft. EVA was first achieved in 1965 by the Russians. See Gemini project; Voskhod.

Since the 1990s, strong arguments have been raised in favour of economic value added (EVA) as an accounting measure, mainly by the Stern Stewart Consulting Company and Associates (Stewart 1991, Stern 1993).

I have been approached many times by people who have said: "We have this project that we think will raise the net present value of projected cash flows, but it's been rejected because it has an adverse effect on earnings per share, return on assets or economic value added.

Identifying metrics for valuing business capabilities draws on a wide assortment of management fundamentals including knowledge of Economic Value Added, activity-based costing, time-based costing and the balanced scorecard.

Vancouver Energy will have a major, positive economic impact on Vancouver and the region through the creation of an average of more than 1,000 jobs annually and billions of dollars in economic value added for the city, region and state of Washington," said Jared Larrabee, Vancouver Energy general manager.

Additionally, economic benefits of the project's investments will gain from a net raise in the economic value added, which will come out as a result of existing activities being undertaken at a higher productivity level.

This simple idea turns out to not be so simple to implement and has spawned a cottage industry in shareholder value analysis techniques such as shareholder value added (SVA), cashflow return on investment (CFROI), ValueBuilder, and economic value added (EVA).

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